Panama City accepts taxes in #crypto: historic advancement in LATAM

Panama City sets a precedent in Latin America by announcing that it will allow the payment of municipal taxes with cryptocurrencies such as $BTC, $ETH, and others.

Thanks to a partnership with Towerbank, crypto payments will be converted to USD before being transferred to the government, ensuring transparency and legal compliance. This option will be voluntary and aims to attract citizens and businesses aligned with financial innovation.

Mayor @MizMayer stated that this positions Panama as a regional crypto hub, fostering adoption and dynamism in the ecosystem.

Are we witnessing the future of public administration driven by Web3?

#Bitcoin #Ethereum #BinanceSquare #Panama #CryptoNews #CryptoAdoption #Web3 #Fintech #LATAM